Who is a consumer?How was he connected with the seller of the ancient times?Define consumerism
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Conspicuous consumption is the spending of money on and the acquiring of luxury goods and services to publicly display economic power of the income or of the accumulated wealth of the buyer. To the conspicuous consumer, such a public display of discretionary economic power is a means of either attaining or maintaining a given social status.[1][2]
The development of Thorstein Veblen's sociology of conspicuous consumption produced the terms invidious consumption, the ostentatious consumption of goods to provoke the envy of other people, and conspicuous compassion, the deliberate use of charitable donations of money to enhance the social prestige of the donor with a display of superior socio-economic status.[3]
How was he connected with the seller of the ancient times?
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Who is a consumer?
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A consumer is a person or a group who intends to order, orders, or uses purchased goods, products, or services primarily for personal, social, family, household and similar needs, not directly related to entrepreneurial or business activities.
Define consumerism?
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Consumerism is the idea that increasing consumption of goods and services purchased in the market is always a desirable goal and that a person's wellbeing and happiness depend fundamentally on obtaining consumer goods and material possessions.
